Let’s face it, not all of us have time to do exhaustive research to unearth great stocks like General Dynamics (NYSE:GD) or Chesapeake Energy (NYSE:CHK)

But that doesn’t mean we can’t follow and utilize the work of other smart investors. One way to do this is to track the stock picks of All-Star investors in CAPS, The Motley Fool’s interactive stock-rating database. 

All-Stars have a ranking of 80+ out of 100, meaning their picks are outperforming 80% of the 115,000-plus CAPS members. The top players have accuracy levels of well over 60%, so good that some have received media attention, so it pays to follow what they do.    

We can easily search for their top picks using the handy CAPS screener. For example, a search for:

  • At least 100 All-Star outperform picks
  • Insider ownership over 10%
  • And a dividend yield above 2%

… returned the following: 

Company Name

Current CAPS Rating (5 max)

Current Dividend Yield %

% Insider Ownership

Ambassadors Group (NASDAQ:EPAX)

*****

3.0%

11.1%

Barrett Business Services (NASDAQ:BBSI)

*****

2.6%

39.4%

Limited Brands (NYSE:LTD)

***

3.5%

16.0%

Microsoft Corporation (NASDAQ:MSFT)

***

2.0%

13.3%

Steel Dynamics (NASDAQ:STLD)

****

2.5%

10.7%

Source: Motley Fool CAPS Data as of October 2, 2008

You should always make the final decision on your investments, but it feels a whole lot better knowing that a lot of other smart people are on your side. Feel free to use the CAPS screener to find some more potential winners. 

On Oct. 7, 2008, Fool co-founder David Gardner and his Motley Fool Pro team will invest $1 million in a portfolio designed to help you make money in any market. In the coming weeks, the team, relying heavily on proprietary CAPS "community intelligence" data, will establish long and short positions in a broad range of securities, including common stocks, publicly traded put and call options, and exchange-traded funds (ETFs). To learn more about Motley Fool Pro and to receive a private invitation to join, simply enter your email address in the box below.